Elon Musk sells more Tesla stock, as Twitter trial approaches

Elon Musk sells more Tesla stock, as Twitter trial approaches
DR
Wednesday 10 August 2022 - 21:12

Tech billionaire Elon Musk sold $6.9 billion worth of shares of his car company Tesla, as the Twitter trial nears.

“In the event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk said in a recent tweet.

The social network’s lawsuit against the world’s richest man will begin in October.

Musk pulled over his deal, after he was expected to buy Twitter for $54.20 a share, equivalent to $ 44 billion.

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